Income Tax (Amendment) Bill, 1986

Public bill · Government · Presented

The Income Tax (Amendment) Bill, 1986 would change the rules for calculating income for income-tax purposes. It would make clear that the health contribution, Youth Employment Levy and income levy could not be deducted from income before tax was calculated. The change is intended to correct an interpretation of an older provision, which was originally meant to cover contributions to certain public-service pension schemes, not these levies. Page 1 explains that pension contributions are already dealt with under separate rules; page 2 contains no additional substantive text.

Last updated 11 June 2020